PubMatic, Inc. (PUBM) stock

PUBMNasdaqServices-Computer Programming, Data Processing, Etc.Fiscal year ends December 31

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 9, 2026Score 8/30163% above fair value

$20.61+1.59 (+8.36%)

Close on Nov 13, 2026Market cap $938.79MP/E –Yield –

PubMatic r&d expenses

Research and development expenses are spending on new products and technology.

PubMatic's R&D Expenses for the twelve months ending Sep 30, 2026 was $31.38M, down 11.2% year over year. For fiscal 2025 it was $33.82M, up 1.7% from the year before. The highest annual figure on record is $33.82M in fiscal 2025.

Annual r&d expenses

Period	Period end	Value	Change
FY2025	Dec 31, 2025	$33.82M	+1.7%
FY2024	Dec 31, 2024	$33.26M	+24.5%
FY2023	Dec 31, 2023	$26.73M	+28.2%
FY2022	Dec 31, 2022	$20.85M	+31.2%
FY2021	Dec 31, 2021	$15.89M	+29.7%
FY2020	Dec 31, 2020	$12.25M	-1.6%
FY2019	Dec 31, 2019	$12.45M	–

Quarterly r&d expenses

Change is against the same quarter a year earlier.

Period	Period end	Value	Change
Q3 FY2026	Sep 30, 2026	$7.93M	-17.6%
Q2 FY2026	Jun 30, 2026	$9.15M	+0.4%
Q1 FY2026	Mar 31, 2026	$7.99M	-9.0%
Q4 FY2025	Dec 31, 2025	$6.32M	-19.3%
Q3 FY2025	Sep 30, 2025	$9.62M	+9.1%
Q2 FY2025	Jun 30, 2025	$9.12M	+5.3%
Q1 FY2025	Mar 31, 2025	$8.77M	+10.2%
Q4 FY2024	Dec 31, 2024	$7.83M	+14.4%
Q3 FY2024	Sep 30, 2024	$8.81M	+32.8%
Q2 FY2024	Jun 30, 2024	$8.66M	+28.7%
Q1 FY2024	Mar 31, 2024	$7.96M	+22.1%
Q4 FY2023	Dec 31, 2023	$6.85M	+15.7%
Q3 FY2023	Sep 30, 2023	$6.63M	+30.6%
Q2 FY2023	Jun 30, 2023	$6.73M	+32.6%
Q1 FY2023	Mar 31, 2023	$6.52M	+36.5%
Q4 FY2022	Dec 31, 2022	$5.92M	+42.7%
Q3 FY2022	Sep 30, 2022	$5.08M	+22.7%
Q2 FY2022	Jun 30, 2022	$5.08M	+31.5%
Q1 FY2022	Mar 31, 2022	$4.77M	+27.7%
Q4 FY2021	Dec 31, 2021	$4.15M	+39.6%
Q3 FY2021	Sep 30, 2021	$4.14M	+22.1%
Q2 FY2021	Jun 30, 2021	$3.86M	+29.9%
Q1 FY2021	Mar 31, 2021	$3.74M	+28.1%
Q4 FY2020	Dec 31, 2020	$2.97M	–
Q3 FY2020	Sep 30, 2020	$3.39M	–
Q2 FY2020	Jun 30, 2020	$2.97M	–
Q1 FY2020	Mar 31, 2020	$2.92M	–